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Sunday, March 15, 2009

AIG Discloses Counterparties

by Calculated Risk on 3/15/2009 08:53:00 PM

AIG released a list of Counterparties to CDS, GIA and Securities Lending Transactions (PDF) (ht David)

And from the Financial Times: AIG publishes counterparty list (ht Dwight)

AIG caved in to political pressure Sunday and released a list of some of the financial counterparties that benefited from its $160bn US government rescue, including some of Europe’s largest banks.
...
IG paid out $22.4bn of collateral related to credit default swaps, $27.1bn to help cancel swaps and another $43.7bn to satisfy the obligations of its securities lending operation. The payments were made between September 16 and the end of last year.

Goldman Sachs, which has also accepted US government support, received payments worth $12.9bn. Three European banks – France’s Société Générale, Germany’s Deutsche Bank and the UK’s Barclays – were paid the next-largest amounts. SocGen received $11.9bn; Deutsche $11.8bn; and Barclays $7.9bn.